aiza_belle

EURGBP Short

Short
aiza_belle Updated   
FX:EURGBP   Euro / British Pound
Entered a short stop order at 0.83887 with TP at yesterday's S1 fib level (might adjust TP to the other day's S1 fib level or enter another trade for the 2nd TP), and SL near base pivot line. This is in line with current weak sentiment over EUR because of yesterday's ECB news about QE extension, though based on higher timeframe charts, it's more likely that this pair will hold on its current week support at 0.83.

W:

D:
Trade closed manually:
Manually closed the trade at 0.83792 to lock in some profits because it's already near market closing and price action especially on 5-min chart is starting to show reversal.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.